Page 12 - GLNG Week 36

GLNG
NEWS IN BRIEF
GLNG
AMERICAS
Royal Vopak acquires stake
in LNG import facility in
Colombia
Royal Vopak announces the acquisition of a 49% shareholding in Sociedad Portuaria el Cayao (“SPEC”) in Cartagena, Colombia. SPEC is the only LNG import facility in Colombia and has been in operation since 2016.
e LNG import facility consists of an LNG jetty, onshore infrastructure and a 9.2 km gas pipeline which connects SPEC to the national gas grid. A chartered FSRU is receiving the LNG and sending the gas on shore. SPEC holds long term contracts with three local gas- red power plants.
e shareholders in SPEC are Promigas (51%) and Royal Vopak (49%).
Eelco Hoekstra, Chairman of the Executive Board and CEO of Royal Vopak, said “We
are very much looking forward to this partnership with Promigas and to enter into the growing Colombian LNG market. is is another growth step in our LNG portfolio and it ts very well in our ambitions to grow and diversify our service o ering in LNG.”
ROYAL VOPAK, September 12, 2019
North America to contribute 47% of global small-scale LNG liquefaction capacity additions by 2023, says GlobalData
North America is expected to drive global small-scale LNG liquefaction capacity growth
from planned and announced (new-build) projects between 2019 and 2023, contributing around 47% of the total growth, according
to GlobalData, a leading data and analytics company.
e company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – e US Leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that North America is expected to have a new-build small-scale LNG liquefaction capacity of 7,880 thousand tonnes per annum (ktpa) by 2023.
Early-stage announced projects account for most of the new-build capacity in the region with 84% or 6,640 ktpa, while planned projects with identi able development plans account for the remaining capacity.
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, says: “In North America,
25 planned and announced projects are expected to start operations by 2023. Of these, Browntown and Browntown II terminals both proposed in the US have the highest small- scale LNG liquefaction capacities by 2023 with 2,120 ktpa each.”
GlobalData identi es Asia as the second- highest region in terms of global small-scale LNG liquefaction capacity growth adding
a new-build capacity of 3,810 ktpa by 2023. e announced ‘Xi an’ terminal in China is the largest upcoming project in the region with a new-build capacity of 1,400 ktpa by 2023.
A er Asia, the Former Soviet Union stands third globally with new-build small-scale LNG liquefaction capacity additions of 3,230 ktpa by 2023. e Portovaya terminal in Russia is the largest upcoming re nery in the region with a new-build capacity of 1,500 ktpa by 2023.
GLOBALDATA, September 09, 2019
Cheniere Partners announces upsize and pricing of $1.5bn senior notes due 2029
Cheniere Energy Partners announced today that it has upsized and priced its previously announced o ering of senior notes due 2029. e principal amount of the o ering has been increased from the initially announced $1.0bn to $1.5bn. e CQP 2029 Notes will bear interest at a rate of 4.500% per annum and will mature on October 1, 2029. e CQP 2029 Notes are priced at par, and the closing of the o ering is expected to occur on September
12, 2019.
Cheniere Partners intends to use the
proceeds from the o ering to prepay all of
the outstanding term loans under its senior secured credit facilities due 2024 and for general corporate purposes, including funding future capital expenditures in connection
with the construction of Train 6 at the Sabine Pass liquefaction project. A er applying the proceeds from this o ering, only a $750mn revolving credit facility will remain as part of the CQP Credit Facilities, which is undrawn. e CQP 2029 Notes will rank pari passu
in right of payment with the existing senior notes at CQP, including the senior notes due 2025 and senior notes due 2026.
CHENIERE ENERGY PARTNERS, September 09, 2019
AUSTRALASIA
Woodside to cut stake in
Kitimat LNG, Scarborough
field
Woodside is seeking to reduce its stakes
in Canada’s Kitimat LNG project and the Scarborough gas eld in Australia. e planned moves form part of a strategy to reduce capital exposure. Scarborough will feed into and expand Woodside’s Pluto LNG production and export facility once it is developed.
Woodside holds a 75% stake in the Scarborough eld and 50% in the Chevron- operated Kitimat LNG.
“We just look at that and say from a
capital management and risk management point of view we would rather hold less equity,” Woodside’s CEO, Peter Coleman, was reported by Reuters as saying. “It also helps us
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Week 36 12•September•2019